At the time of this email, the bank of Canada has raisin it’s rate to 1%.  Usually what this mean is a flurry of activity as the Buyers are trying to capture the lower rates.

Not much has changed in the Greater Vancouver market over the last month. Condos continue to be high and houses are relatively lower priced.  However nationally things are continuing to change.  For example, in July Greater Toronto average prices were down 19% from the market’s peak in April and year-over-year sales were 40% lower.  Vancouver has always had a different market and this shows to need to get advice from someone who understands the local market.

The August numbers were:

Regards,

Kim

E&OE